Shulou(Shulou.com)11/24 Report--

CTOnews.com news on October 26, talking about the recent technical cooperation between the new forces of Chinese car-making and international traditional giants, Lian Yubo, chief scientist of BYD Group, commented that it is an indisputable fact that China's new energy vehicles started early and do have certain advantages.

Especially in the era of intelligent new energy vehicles, China's first-mover advantage has emerged, this is indeed a fact, there is no need to avoid, we have this kind of self-confidence.

He pointed out that it is normal for some traditional foreign car companies to seek some cooperation. "this is a good thing and proves that we certainly have advantages in these areas."

Stellantis Group announced today that it will invest about 1.5 billion euros (CTOnews.com Note: currently about 11.61 billion yuan) to acquire a 20% stake in Zero Motor, which will make Stellantis Group a major shareholder of Zero Automobile.

In addition, on July 26 this year, Volkswagen announced that it would inject about $700 million (currently about 5.11 billion yuan) into Xiaopeng and hold a 4.99% stake in the company. When the deal is completed, Volkswagen will be given an observer seat on Xiaopeng's board of directors.

In the early stages of the cooperation, the two sides plan to jointly develop two Volkswagen brand electric models for China's medium-sized car market, and plan to enter the market in 2026.

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